The research on the structure of macroeconomic metamodels began in 1976 and included the development of the archetypes, 10-year scenarios and their validation for three periods until the structures were validated. The goal was to find the drivers of economic growth and sustainability. It...

In the presence of (at least locally) increasing returns to scale tech- nologies, the paper asks the question: does there exist an economic system which implements Pareto efficient allocations and respects the voluntary participation principle? To answer this question, the paper formulates an...

In this essay, I seek to provide an overview of André Gorz's conception of modern capitalism, considering different moments of his intellectual production. From his initial criticism of the concept of the proletariat between the 1970s and 1980s until his last theoretical work that addresses the...

This article reviews an English translation of "First Principles of Islamic Economics" (Leicester: Islamic Foundation, 2011) by Maulana Sayyid Abu'l A‘la Maududi (1903-1979), a foundational document of the field, that was published in Urdu in 1969. After a brief Introduction the selections in...

Russia has seen even higher oil windfall in the past few months, which translates into likely fiscal surpluses 2011 and 2012. The government should not miss the opportunity provided by a large oil windfall to substantially improve its long-term fiscal position, further reduce inflation, and,...

This paper is dedicated to the relation between market development and democracy. We distinguish contexts and preferences and ask whether it is true that the demand for democracy only emerges after a certain degree of market development is reached, and whether, conversely, democratization is...

This essay outlines the big-picture aspects of capitalism and socialism, and uses this overview to discuss human liberty and economic liberty in each system. Additionally, I note that some have argued that capitalism is unfair or immoral and so I consider three specific and common moral...

#WalkAway signifies walking away from the Democratic Party. The movement was launched in June 2018 by Brandon Straka, when he uploaded what became the prototypical video of an individual telling his or her story about walking away. During 130 days, 150 erstwhile Democrats provided video...

Libertarians are inclined to view property as best dealt with through contract. They are hostile to IP rights in general, and copyright and patent rights in particular, because these aren't viewed as natural rights over tangible things stemming from the actions of individuals. Still these rights...

The chapter outlines a basic model for new institutionalist political economy as a frame for analyzing the relationship between productivity and justice in market societies. It combines a basic model for understanding market societies, a framework for integrating the role of racialized and...